Citation

Discussion Paper Details

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Title: Details Matter: The Impact of Presentation and Information on the Take-up of Financial Incentives for Retirement Saving

Author(s): Emmanuel Saez

Publication Date: July 2007

Keyword(s): Field experiment and Retirement Savings incentives

Programme Area(s): Public Economics

Abstract: We examine the effects of presentation and information on the take-up of financial subsidies for retirement saving in a large randomized experiment carried out with H&R Block. The subsidies raise take-up and contributions, with larger effects when the subsidy is characterized as a matching contribution rather than an equivalent-value tax credit (or cash back), and when filers are informed before the tax season about the subsidy. The results imply that both pure incentives and the presentation of those incentives affect consumer choices.

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Bibliographic Reference

Saez, E. 2007. 'Details Matter: The Impact of Presentation and Information on the Take-up of Financial Incentives for Retirement Saving '. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=6386